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Feck :)
'****' = ****
*h _t _t _p _s_ ://****/+anwjb3uxa6q5zja0
*************+anwjb3uxa6q5zja0
>>I’d rather just get RNSs than those podcasts,
My thoughts for setting up the alternate TG group JC was to perhaps organise a vote of no confidence against Bird. We could then 'force' him into the ' proper, structured interview/presentation' you mention. (and more recently get him to retract the huge pay rise he's given himself (for doing what exactly??))
Unfortunately no-one signed up so I assume everyone is happy with Bird's efforts :P
i think, in bird speak, it means:
'feck, i've dug myself a huge hole bs'ing the market with my tier-1 world class asset ****e' - 'i need some time to figure out how the feck i'm gong to get out of this.....'
Https://www.tomra.com/en/mining/media-center/customer-stories/mt-carbine-tungsten-mine
I'd be happy with half that Jezz
Run 4 does kill the av a bit - I wonder what happened there?! - If that's removed the av goes over 65%
>>Why isn't CB shouting this from the rooftops
I wonder if its due to the fact he didn't find the asset? - Or that Bird is more interested in copper? - Or that he doesn't consider it 'big enough'?
He was certainly shouting from the rooftops over Eureka (the IOCG :P ) and BR (the world class asset)
>>There was never going to be 2mt
Are you saying you believe Bird deliberately mislead the market HZ?
>>No roast for two weeks now.
I'd not be surprised if they were being investigated for insider trading. At least from an XTR perspective, they magically seemed to know an RNS was being released before the Market did!
LW - Are you going to the AGM?
Clearly involved with the BoD in some way Jezz - Just ignore it....
My previous post is from an Empress newsletter, you can sign up for these if anyone is interested.
I image we are but it's worthy of clarification...
MANICA GOLD ROYALTY UPDATE - Operations steadily improving
In June 2023, Empress completed a site visit of the Manica mine (“Manica”), located in Mozambique, and operated by Mutapa Mining & Processing Limitada (“MMP“). The site visit was technical in-nature with discussions ranging from the open pit operations and plant recovery, to the tailings facility, and resource estimation techniques. The Empress team spent time discussing optimization opportunities in geology, resource estimation, mine engineering and planning, plant processing, the elution circuit, and the assaying lab with the site operators.
Empress was overall impressed with the site team, which is reflected in the operational ramp-up and now the site operating at near steady-state operations. Since production started in July 2022, ore throughput has grown by 11% per month, grades have averaged 1.6 g/t, metallurgical recovery has risen to ~90%, and gold recovered has increased by 17% per month. Further, since the start of the year, internal guidance on production has either met or exceeded budget. The local communities supply the majority of the local work force, including women making up ~5% of the work force. ESG initiatives have been implemented and further plans for the local communities were discussed.
On July 12, 2023, Empress amended the Manica Royalty Agreement to reflect that Manica royalty payor MMP successfully obtaining its own gold export licence. This has allowed Empress and MMP to significantly simplify the mechanics of how Empress receives its Manica royalty payments and the monthly reporting of sales and royalty payment information to Empress. The royalty payable to Empress under the amended royalty agreement is unchanged and Empress will continue to receive a monthly payment of 3.375% on gold sales until MMP has sold 95,000 troy ounces of gold, after which the payment shall be reduced to 1.125% of gold sales. Empress looks forward to continuing to receive payments from MMP under the new simplified royalty agreement.
>> If a prospect doesn't work out then NO massive hole in balance sheet.
MB - Your hero and saviours lack of DD @ Eureka cost us (that includes you if you are actually invested) Almost 1 million!
Don't ever recall Bird stating it would be that high LW - But he definitely mentioned 80-100kg on numerous occasions.
>>The biggest positive regarding XTR is the hard work being done by Colin Bird and the board on shareholders behalf.
Alastair (sorry OSV) - It's interesting you keep praising the 'hard work' of the BoD especially when, in the most recent interview, Bird himself stated that he had nothing to do with the good progress at Manica. (A reminder; the project is 6 years behind Birds forward guidance)
Furthermore you note how you 'trust the board to deliver on our behalf' - It seems the BoD don't share that same trust in the company as it's only Bird that has actually ever bought shares in the company.